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Note 7 - Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

		Useful Lives (years)				Amounts			Valuation Methodology
Cash						$	81,473
Accounts receivable							611,471
Other current assets							6,338
Intangible assets with estimated useful lives:
Customer relationships			8				1,090,000		Replacement cost and relief from royalty
Non-compete agreements			3				120,000		Multi-period excess earnings
Intangible assets with indefinite lives:
Trade names							280,000
Goodwill							785,000
Total assets acquired							2,974,282
Current liabilities							(458,925	)
Net assets acquired						$	2,515,357

		Useful Lives (years)				Amounts			Valuation Methodology
Cash						$	20,235
Fixed assets							8,902
Intangible assets with estimated useful lives:
Technology			5				2,900,000		Replacement cost and relief from royalty
Customer relationships			6				3,860,000		Multi-period excess earnings
Goodwill							4,560,099
Total assets acquired							11,349,236
Current liabilities							(344,136	)
Net assets acquired						$	11,005,100

Business Acquisition, Pro Forma Information [Table Text Block]

		2021				2020
Revenues		$	16,259,467			$	18,352,184
Net (loss) income		$	(905,114	)		$	421,012

		2021				2020
Revenues		$	15,563,323			$	16,220,071
Net (loss) income		$	(3,238,517	)		$	(186,976	)

		2021				2020
Revenues		$	16,789,286			$	20,669,184
Net income (loss)		$	(3,012,182	)		$	(179,343	)

Schedule of Intangible Assets and Goodwill [Table Text Block]

		December 31, 2021
		Weighted				Gross
		Average Useful				Carrying
		Life (Years)				Amounts
Intangible assets with estimated useful lives
Technology			5.0			$	2,900,000
Customer relationships			6.4				4,950,000
Non-compete agreements			3.0				120,000
Intangible assets with indefinite lives
Trade names							280,000
Gross identified intangible assets							8,250,000
Accumulated amortization							(201,032	)
Net identifiable intangible assets							8,048,968
Goodwill							7,585,269
Intangible assets and goodwill						$	15,634,237

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

2022		$	1,399,577
2023			1,399,577
2024			1,369,640
2025			1,359,581
2026			1,326,839
Thereafter			913,754
Total		$	7,768,968

Schedule of Goodwill [Table Text Block]

Balance as of December 31, 2020		$	-
Acquired goodwill			7,585,269
Balance as of December 31, 2021		$	7,585,269

Gray Matters [Member]

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Net cash consideration		$	7,240,100
Buyer common stock			1,500,000
Present value of deferred consideration			1,335,000
Fair value of contingent consideration			930,000
Total		$	11,005,100

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